The Snead housing market is showing balanced conditions with stable prices and moderate inventory levels. The median home price in Snead currently stands at $244,000. With 3.0 months of supply, Snead's inventory levels remain relatively tight. Homes are taking about 28 days to sell, which is NaN days longer than this time last year. A significant 33.3% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Snead market with the affordability index at 1569.1. Looking ahead, the Snead market is expected to maintain its current trajectory with relatively stable conditions.
Snead, AL has a total population of 1,082 residents. The area is predominantly White (93.7%), The area has a more homogeneous population distribution. The small population size creates an intimate community atmosphere in Snead, AL.
Crime analysis for Snead, AL shows 6 total incidents across all categories. The most prevalent crime type is Property Crime (83.3% of all incidents). This is followed by Assault at 16.7%. The crime rate in Snead, AL is very low, with violent crimes being more common than property crimes. This suggests Snead, AL is generally a safe area for residents and visitors.
Market predictions for Snead, AL show an upward trend in home prices, with values increasing by 15.6%. This represents a significant price movement in the market. The current median home price in Snead, AL is approximately $288,514.262. Based on current trends, home prices in Snead, AL are expected to continue appreciating, making it an attractive market for sellers and long-term investors.
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